ACCESS Newswire (NYSEAMERICAN:ACCS) CEO Brian Balbirnie Buys 10,000 Shares

ACCESS Newswire Inc. (NYSEAMERICAN:ACCS) CEO Brian Balbirnie bought 10,000 shares of ACCESS Newswire stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $6.46 per share, for a total transaction of $64,600.00. Following the completion of the transaction, the chief executive officer owned 632,917 shares of the company’s stock, valued at approximately $4,088,643.82. This trade represents a 1.61% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

ACCESS Newswire Stock Performance

Shares of NYSEAMERICAN:ACCS opened at $6.32 on Friday. The firm has a market cap of $24.52 million, a PE ratio of -14.36 and a beta of 0.48. The firm’s 50 day simple moving average is $7.72 and its 200-day simple moving average is $8.15. ACCESS Newswire Inc. has a one year low of $5.99 and a one year high of $13.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.88 and a current ratio of 0.88.

ACCESS Newswire (NYSEAMERICAN:ACCS) last issued its earnings results on Tuesday, May 12th. The company reported $0.11 EPS for the quarter. The business had revenue of $5.33 million for the quarter. ACCESS Newswire had a negative net margin of 7.60% and a positive return on equity of 5.57%. As a group, equities analysts predict that ACCESS Newswire Inc. will post 0.31 EPS for the current year.

Analysts Set New Price Targets

Separately, Lake Street Capital dropped their price objective on shares of ACCESS Newswire from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, ACCESS Newswire has an average rating of “Buy” and a consensus target price of $12.00.

Institutional Investors Weigh In On ACCESS Newswire

Institutional investors have recently bought and sold shares of the company. DRW Securities LLC acquired a new stake in ACCESS Newswire in the fourth quarter valued at approximately $117,000. Bridgeway Capital Management LLC acquired a new stake in ACCESS Newswire in the second quarter valued at approximately $163,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in ACCESS Newswire in the fourth quarter valued at approximately $140,000. Mink Brook Asset Management LLC acquired a new stake in ACCESS Newswire in the third quarter valued at approximately $219,000. Finally, Geode Capital Management LLC acquired a new stake in ACCESS Newswire in the second quarter valued at approximately $362,000. 50.02% of the stock is currently owned by institutional investors and hedge funds.

About ACCESS Newswire

Issuer Direct Corporation operates as a communications and compliance company, provides solutions for both public relations and investor relations professionals in the United States and internationally. The company provides press release distribution, media databases, media monitoring, and newsrooms through media advantage platform; ACCESSWIRE, a news dissemination and media outreach service; and Webcaster Platform, a cloud-based webcast, webinar, and virtual meeting platform that delivers live and on-demand streaming of events to audiences of various sizes, as well as allows customers to create, produce, and deliver events.